Constellation Energy Corporation CEG recorded a second-quarter 2022 operating loss of 34 cents per share against the Zacks Consensus Estimate for earnings of 64 cents. The bottom line decreased by 206.3% from the previous quarter’s 32 cents per share.RevenuesFor the second quarter of 2022, the company’s operating revenues of $5,465 million surpassed the Zacks Consensus Estimate of $2,931 million by 86.5%. However, revenues decreased by 2.3% from the previous quarter’s $5,591 million.Constellation Energy Corporation Price, Consensus and EPS Surprise Constellation Energy Corporation price-consensus-eps-surprise-chart | Constellation Energy Corporation QuoteHighlights of the ReleaseConstellation Energy’s total operating expenses in the second quarter were $5,191 million, up 0.4% from the previous quarter’s $5,172 million, due to an increase in operating and maintenance expenses.For the second quarter, CEG’s operating income summed at $272 million, down 37.5% from $435 million in the previous quarter.Net interest expenses were $56 million, on par with the previous quarter.Constellation Energy announced agreements with the Bank of America and PNC Bank to procure carbon-free energy to reduce the carbon footprint through Constellation’s CORe retail power products. CEG has set a goal to achieve 100% carbon-free power generation by 2040 by leveraging innovative technology and enhancing a diverse mix of hydro, wind and solar resources.Financial ConditionConstellation Energy had cash and cash equivalents worth $806 million as of Jun 30, 2022 compared with $504 million on Dec 31, 2021.Long-term debt was $4,507 million as of Jun 30, 2022 compared with $4,575 million on Dec 31, 2021.Net cash provided by (used in) operating activities in the first six months of 2022 was $1,263 million compared with ($357) million in the year-ago period.GuidanceConstellation Energy reaffirmed 2022 adjusted EBITDA in the range of $2,350-$2,750 million.Zacks RankConstellation Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recent ReleasesDevon Energy Corp. DVN reported second-quarter 2022 adjusted earnings of $2.59 per share, beating the Zacks Consensus Estimate of $2.38 by 8.8%.The Zacks Consensus Estimate for DVN’s 2022 earnings implies year-over-year growth of 154.7%. Devon Energy witnessed an average surprise of 12.3% in the last four reported quarters.CNX Resources Corporation CNX reported second-quarter 2022 adjusted earnings of 61 cents per share, which missed the Zacks Consensus Estimate of 79 cents by 22.8%.CNX Resources’ long-term (three to five years) earnings growth is currently pegged at 32.1%. The Zacks Consensus Estimate for CNX’s 2022 earnings implies year-over-year growth of 77.6%.TotalEnergies SE TTE reported second-quarter 2022 operating earnings of $3.75 (€3.50) per share, meeting the Zacks Consensus Estimate.The Zacks Consensus Estimate for TTE’s 2022 earnings implies year-over-year growth of 107%. TotalEnergies posted an average surprise of 14.6% in the last four reported quarters. How to Profit from the Hot Electric Vehicle Industry Global electric car sales in 2021 more than doubled their 2020 numbers. And today, the electric vehicle (EV) technology and very nature of the business is changing quickly. The next push for future technologies is happening now and investors who get in early could see exceptional profits. See Zacks' Top Stocks to Profit from the EV Revolution >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Devon Energy Corporation (DVN): Free Stock Analysis Report Constellation Energy Corporation (CEG): Free Stock Analysis Report CNX Resources Corporation. (CNX): Free Stock Analysis Report TotalEnergies SE Sponsored ADR (TTE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research